# USD/KRW: Upside exists for the won in the third quarter – MUFG — Octa

> The won fell 1.4% against the dollar in June while the dollar index gained 2.9%. Economists at MUFG expect USD/KRW to come under pressure in the third quarter as South Korea's vaccination drive and economic recovery improve, and they see a possible Bank of Korea rate hike as early as October.

- Date: 2021-07-05 · published 2021-07-05T12:00:00.000Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/46314-usd-krw-upside-exists-for-the-won-in-the-third-quarter-mufg-octa
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

An expected stronger won would ease import costs for Korean feed buyers, though the outlook depends on vaccination progress and COVID-19 case trends.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/910972/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.